Bankruptcy, Insolvency and Restructuring
Facing insolvency or bankruptcy is incredibly stressful. Especially when you have a business to run. And if it is your family business the upset is even worse.
Insolvency in a time sensitive issue. The longer you leave payment, the more serious the consequences can be. As such, if you or your business is struggling with debt, it is vital you take immediate action.
Our insolvency solicitors can help you with;
- Avoiding insolvency if you are in financial trouble
- Negotiating repayment plans with your creditors
- Protecting your family assets if a family member becomes insolvent
- Bankruptcy
- Corporate insolvency
- Statutory demands
- Annulment of bankruptcy
- Individual Voluntary Arrangements (IVA)
- Company Voluntary Agreements (CVA)
- Insolvency disputes (including Directors Guarantees)
- Debt management
- Financial crisis management
- Liquidation
- Receivership
The difference between insolvency and bankruptcy
Insolvency is your financial state. When you are insolvent, you are not able to pay your debts when they are due.
Individuals or businesses can become insolvent. However, the term most often refers to businesses.
There are two types of insolvency. A business can become insolvent in one or both ways at the same time.
- Cashflow insolvency: Is when your business does not have enough liquid capital to debts. But it does have illiquid assets.
- Balance sheet insolvency: Is when your company’s debts are greater than both its liquid and illiquid assets.
Insolvency can happen quickly. All it could take is the loss of a big contract, or customers failing to pay their debts.
Bankruptcy is a legal process or court order issued when a business can no longer pay its debts. This means you are already insolvent when applying for bankruptcy.
Bankruptcy may or may not the best solution for you, so it is important to seek legal advice.
Can you help keep my debt private?
We understand how sensitive debt and insolvency is. Especially for those who own businesses and people in the public eye.
When we negotiate with your creditors, we can make sure any settlement includes a confidentiality agreement. This will help to keep your debts private.
Why choose Rothera Bray?
If you are struggling to pay down your debts, we understand that it will be an emotionally tough time.
Our insolvency and bankruptcy solicitors can offer compassionate advice and provide a solution tailored to your circumstances.
We have vast experience of helping business owners and individuals with their debt, insolvency, and bankruptcy issues.
We can offer help, support and guidance on your legal position and the possible consequences of becoming bankrupt or insolvent
Send us a message

“At what can be a stressful time, our expert team will help you find the clarity you need.”
Ruth Ball
Managing Associate and Head of Insolvency
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Posted 18 November 2025
Thank you, I was very impressed with the service you provided. The communication with me was very efficient at all stages of the process and you answered any questions I had.
Agnes
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Posted 18 November 2025
Throughout the process I dealt with a number of people as the claim was a lengthy process, all of which were both professional and understanding. I was kept up to date throughout the entire process including any cost increases and whenever anyone would be out of office. I would use Rothera Bray again.
Kirsten
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Posted 17 November 2025
We have recently used Richard, Rebecca and Ed to deal with the will and trust left by my later father in law. It was complicated and lengthy but the service they provided was excellent. Without their help and advice, we would have given up. So glad it's all over now and we are so grateful for all the effort and hard work they have put in to get it all sorted. Thanks Richard, Rebecca and Ed.
L O'Neill
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Posted 17 November 2025
I felt all staff were the best of the best and that was all I could ask for. Jackie was extremely very thorough and explained everything clearly at each stage.
J James
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Posted 15 November 2025
Fantastic experience selling and buying a property with Rothera Bray. Abbey Freeman was fantastic throughout the whole process and I will definitely ask for her again if we ever are to sell again. Great service.
Chris L
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Posted 14 November 2025
Very professional service. Prompt replies from Jo Clarke and Nirvair to any queries. Will be using their services again.
Tony Ellis
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Posted 14 November 2025
Abbey Freeman is very professional also kept me in formed through out this difficult house move. I would definitely recommend this Rothera Bray and also Abbey.
Lisa L
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Posted 13 November 2025
Emily was really good and helped last minute but nothing was too much trouble . She did a fantastic job wouldn't hesitate if I needed a solicitor again. 5 star service.
Laura
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Posted 12 November 2025
I recently engaged Ewan Paton from Rothera Bray – he was approachable, professional, and genuinely understanding throughout a difficult time. He took the time to explain everything clearly, kept me updated at every stage, and always made me feel at ease. His calm and practical approach gave me great confidence, and I couldn’t have asked for better support. I’d highly recommend Ewan to anyone needing reliable and compassionate legal advice.
Mr Morrison
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Posted 12 November 2025
I was with another firm but as soon as I seen the reviews on this firm I changed to this firm. I cannot recommend this firm enough. I have had Gabriella and Hannah working on my case they are a credit to this firm also informing me on my case. Raising any issues immediately. Very polite and professional. I would recommend anyone using this firm.
Hannah
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Posted 12 November 2025
Brilliant solicitors, very quick with responding to emails too, and helping with any questions you may have. I used Rothera Bray to buy my house, and honestly I can 100% recommend them. Very fast, professional! I would and will use them again in future. Thank you so much.
Anna C
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Posted 11 November 2025
I can’t thank the team enough for everything they’ve done for me and my children. From start to finish, the whole company have been absolutely brilliant — always putting our needs and wishes first and supporting us every step of the way. Their communication, care, and understanding have been second to none. A special mention has to go to Emily, who is truly one in a million. She went above and beyond to make sure I felt heard, reassured, and fully supported throughout what was one of the most difficult times in my life. I’d highly recommend this firm to anyone looking for a solicitor who genuinely cares about both you and your family. Thank you all so much for everything you’ve done.
Nathan

Richard Bates
Partner & Head of Dispute Resolution
Richard Bates leads the Dispute Resolution team at Rothera Bray. Richard is a litigation specialist and can provide a wide range of services to both commercial and private clients.

Caroline Bowler
Partner
Caroline Bowler is a partner in our Dispute Resolution team and an equine law specialist at Rothera Bray, which is the Official Legal Partner to British Dressage and The British Show Pony Society. She works from our Lace Market office and has been described as “one of the best equine lawyers” in the Legal 500.

James Carley
Partner
James is a Partner in the Dispute Resolution department and is very experienced in dealing with commercial and personal litigation matters.

Richard Hammond
Partner & Head of Risk and Compliance
Richard Hammond is a Dispute Resolution specialist and mediator at our Lace Market office in Nottingham. Richard is also a notary public, processing client documents for international use.

Nicky Calthrop-Owen
Consultant
Nicky Calthrop-Owen is an Insolvency and Restructuring Consultant and is based at Rothera Bray’s Nottingham office.

Kendal Litherland
Consultant
Kendal Litherland is a Consultant in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.

Ruth Ball
Managing Associate & Head of Insolvency
Ruth Ball is a Managing Associate and the Head of Corporate & Individual Insolvency at Rothera Bray and is based at our Lace Market, Nottingham office.

Terhi Sygrove
Recoveries Manager
Terhi Sygrove is a debt recovery specialist and head of the debt recovery department at our Lace Market, Nottingham Office.

Jade Belcher
Associate Solicitor
Jade Belcher is an Associate Solicitor in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.

Tom Barry
Solicitor
Tom is a Solicitor in our Dispute Resolution department and is based at our Lace Market office.

Amrita Johal
Solicitor
Amrita Johal is a solicitor in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.

Millie Moreton
Solicitor
Millie Moreton is a Solicitor in Rothera Bray’s Dispute Resolution team and is based at our Lace Market office.

Jayde Pullar
Senior Paralegal
Jayde Pullar is a Senior Paralegal in Rothera Bray’s Dispute Resolution team and is based at our Lace Market, Nottingham office.

Eleanor Kivneen
Paralegal
Eleanor is a Paralegal in our departments for Dispute Resolution for Individuals and Dispute Resolution for Businesses. She is based at our Nottingham Lace Market office.

Wendy Lawson
Paralegal
Wendy Lawson is a Paralegal in Rothera Bray’s Dispute Resolution department and is based at our Lace Market office.

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